Ghana : S&P upgrades sovereign rating to B-/B on economic recovery and rising reserves

Ghana has its sovereign credit rating raised to B-/B by S&P Global Ratings on November 10, 2025, reflecting improved fiscal and external balances. International reserves are expected to reach $10.4 billion by year-end, growth is revised to 6.0%, and the country continues restructuring its debt after the 2022 default, supported by a $3 billion IMF program.